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Tuesday, October 31, 2023 9:03:58 PM
Close on or before October 31
Marc Kassoff already resigned
Officers empowered to close sooner or extend the close date if necessary.
We have not been notified of any extension of the October 31st close date. That date was today. Enough said.
FROM TODAYS FILING
Expected Closing Date
It is expected that the acquisition of JP Energy Group will close on or before October 31, 2023.
Effects of Acquisition
The Company will issue 18 million shares of its Series A Preferred Stock which will result in a change of control occur and the current officers and directors will resign. Marc Kassoff has already resigned. Nate Steck will continue to serve as an officer and director, playing a pivotal role in facilitating the smooth transition between the Company and JP Energy Group.
Officers Empowered To Execute Documents
The officers are empowered to execute any documents required to finalize and close on the acquisition of JP Energy Group, LLC including any documents to shorten or extend the closing date, if necessary.
![Bullish](/static/images/ih2-bull.png)
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